Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Aborted Google Inc (GOOGL) Deal Confirms Tesla Motors Inc (TSLA) Model 3 Is An Elon Musk Priority

If the aborted Google Inc (NASDAQ:GOOGL) acquisition of Tesla Motors Inc (NASDAQ:TSLA) tells us one thing, it is how much Tesla founder Elon Musk is committed to the electric car maker.

The observation can be made based on details shared by Ashlee Vance to Betty Liu on Bloomberg’s In The Loop.

“It’s an interesting deal. He wanted Google to buy Tesla and then he also wanted these guarantees. He wanted about $5 billion that Google would put towards Tesla’s factories and making sure that the Model S and future cars came out. Elon also wanted to guarantee that Tesla got this third-generation car that they are working on out. It is going to be around $35,000,” Vance tells his colleague Liu.

Vance is the Bloomberg reporter who broke the story of how serious Elon Musk was in negotiating a deal that would have seen Google Inc (NASDAQ:GOOGL) owning Tesla Motors Inc (NASDAQ:TSLA) if it went through. Vance is the author of a book which will be released next month that discusses Musk.

Google, is GOOGL a good stock to buy, NASDAQ:GOOGL, Tesla, is TSLA a good stock to buy, NASDAQ:TSLA, Elon Musk, Larry Page, acquisition, Ashlee Vance, Betty Liu, negotiation, conditions,

Liu confirms with Vance that Musk, the serial entrepreneur who got his first big start in business with Zip2 and PayPal, was actually open to working under Google Inc (NASDAQ:GOOGL) CEO, Larry Page, for eight years as part of the acquisition terms. Vance says this is true.

“Yes, because for Elon, this third-generation car is sort of one of his big callings in life and he was worried that Google might be into bringing that car to market initially then back out later on and so he wanted to be there personally to see that it came to fruition,” Vance tells Liu.

Tesla Motors Inc (NASDAQ:TSLA), it appears, is really Elon Musk’s baby.

Though the Google Inc (NASDAQ:GOOGL) acquisition did not become reality, the facts being revealed about the deal have given people a great deal of information about how committed Elon Musk is to the company he built.

Industry observers note that the Model 3, its lowest-cost car yet included in the roadmap the company has revealed, will bring Tesla Motors Inc (NASDAQ:TSLA) to a better status as it brings the electric car to a lower end of the market which is accessible to more people.

Boykin Curry’s Eagle Capital Management owned 774,750 Class A Google Inc (NASDAQ:GOOGL) shares as 2014’s last quarter came to a close. The stake, which makes up 1.55% of the whole Eagle Capital Management portfolio, was reduced 2% quarter-over-quarter. Daniel Benton’s Andor Capital Management owned 1.25 million Tesla Motors Inc (NASDAQ:TSLA) shares by the end of the same period.

I just made 84% in 4 daysI Just Made 84% in 4 Days By Blindly Following This Hedge Fund

I just made 84% in 4 days by blindly imitating a hedge fund’s stock pick. I will tell you how I pulled such a huge return in such a short time but let me first explain in this FREE REPORT why following hedge funds’ stock picks is one of the smartest things you can do as an investor. We launched our quarterly newsletter 2.5 years ago and not one subscriber has, since, said ‘I lost money by EXACTLY following your stock picks’. The reason is simple. You can beat index funds by creating a DREAM TEAM of hedge fund managers and investing in only their best ideas. I just made 84% in 4 days by blindly imitating one of these best ideas. CLICK HERE NOW for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.